PHOTO: KENT BLECHYNDEN/STUFF – Terry Serepisos, the former Wellington Phoenix owner and property developer, lived in the apartment his mother owned.
A finance company has won its battle against Terry Serepisos’ mother to claw back more than quarter of a million dollars it is owed in loan repayments.
General Finance sold Alliki Serepisos’ leaky Wellington apartment for $580,000 in May 2016 through a mortgagee sale, to recover costs from her loan defaults. Despite the sale, there was still money owing to General Finance.
Alliki Serepisos claims there was a higher offer that was ignored, and some chattels (worth about $15,000) were sold when they should not have been.
On Monday, High Court Judge Rebecca Ellis ruled she got the best price for the apartment, and the sale of the chattels were justified.
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Terry Serepisos’ mum Alliki Serepisos being chased for debts to finance company
READ MORE VIA STUFF